About your Search

20121224
20130101
STATION
CNNW 11
CNBC 5
MSNBCW 2
WBAL (NBC) 2
KGO (ABC) 1
WRC 1
WTTG 1
LANGUAGE
English 23
Search Results 0 to 22 of about 23 (some duplicates have been removed)
on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of throwing in the social security change and suddenly democrats balked -- and he pulled it from the table. mitch mcconnell wants to make the deal, get the tax issue off the table simply because he thinks having more leverage -- if you leave taxes there, it gives the white house and democrats more leverage in the debt ceiling. even if they get a deal today we have a big fight in the next six weeks. >> if there is a deal today can it about get passed in time to avoid the fiscal c
? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of the senate at this point would require not jus
removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in term
leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, not sure why they are being critical of it now. thousands of there's of your t
see out there in the near term. >> the building that read has passed. let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must reg nate in the house of representatives. of course they can do what they want. there is a niss of ways in which they have got ten around this thing in the past. as to why they are not passing the ball. if this is what he is clinning to now, it is like he is not clinging to much. >> this is a chamber that has not seen is some of the greatest offereds come through it. and here he is saying the paperwork has yet to leave the senate. >> and he also knows that it is silly. yes, that particular big cannot be taken up in the house. but sandy levin has a bill that is i'd wall. all bhoehner has to do is make those changes on the noor. the idea that
progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of p
they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still talking to the white house. the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective broadly, they've been let down time and again by speaker boehner. they've never been able to reach a deal with speaker boehner. and now with this news that the house is going to be breaking for the evening, it does look like that might happen again. now, there's one reason, wolf, why they are filling this package with measures that could appeal to democrats, not just, as you mentioned, increasing, letting taxes for the highest income earners go to clinton rates. also extending unemployment bene
a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. >> so now all eyes are focused on the senate for 11:00 this morning when they do reconvene. there were reports there was major progress overnight for something that could pass on the senate side. the question is whether it can pass on the house side under the leadership of speaker john boehner. i've talked to a couple of republicans this morning who are fairly optimistic that whatever comes out of the senate, whatever that deal is, it will pass the house this afternoon. although hard-core republican anti-tax folks are not going to vote for it. it still would likely have enough votes to pass. that's at least the mood of some
of legislation would look like and reports they got from republicans and the president told mitch mcconnell that he would get the details. that's where from the perspective of republicans where things stand. the president publicly said before he left for his vacation in hawaii since everything else was deadlocked, despite everybody's efforts, because of that what he wants to happen is for the very least for congress to pass a tax cut extension for 98% of americans. his plan which he campaigned on for five years. mitch mcconnell spoke to the president as did the other leaders before the president left hawaii. what mcconnell aide is still saying is that the impression he got is that the white house would or at least some democrat whether it's the white house or harry reid's office would provide the details of what that legislation would look like. they said with tongue firmly in cheek, we checked in a process conference and it can't get through the senate. we need to see if anything will get done and at the same time jessica is hearing from white house sources, i am hearing for democratic sou
a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot of senators wanted to talk. >> that is shocking. >> everyone wanted to have their same i think the consensus is that we all still want to try to get a deal but some of us are very discouraged that what appears to be on the table now doesn't really do anything to reduce the deficit and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader, where do you think stands --
of that stopgap, scaled down version. in fact, mitch mcconnell himself said in the hallway, just moments ago, that he does expect to go to the white house, as jessica just alluded to. he expects to do that tomorrow. they haven't gotten a formal invitation tomorrow. there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a big if, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be
on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up with a deal better than the one he proposed. the center piece of which is that the top marginal tax rate will increase for those earning $250,000 or more from 35% to 39.6%. that's only on the amount earned above that threshold. obama has told congress either they come up with something better or put his proposal to a vote. he's betting even those who hate the idea of a tax increase on the rich will hate causing america to go over the fiscal cliff even more. okay. option three. that's the red box. that's one where ame
get past this fiscal cliff, boehner and mitch mcconnell have made it clear the president wants a debt ceiling increase of any amount, like $1 trillion, he has to find $1 trillion in savings. >> well, according to corker and alexander, this is $1 trillion in savings from the medicare program if you do what they are suggesting here. >> all from spending, i hope? >> that's what they are saying. >> if it's all from spending, that's something we could do as part of the debt ceiling. that -- that's a fine suggestion. it -- it just shouldn't be confused with the present mess this week. >> but, they are adding this to the conversation if -- i mean, obviously we're not going to get something comprehensive before december 31, but as the talks continue, assuming they do into january, maybe even longer as we get closer to the debt ceiling, is this a kind of a compromise that you can accept on the other side? >> yes. it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 tri
reid was just -- wasn't he great yesterday talking about mitch mcconnell and the republicans? no budget. >> and more than 14,000 longshoremen could go on strike this weekend because of a contract dispute. a walkout would close cargo ports. some estimates say a strike could cost the economy $1 billion a day. which would add up. it would kind of counteract the 85 billion. but bernanke is doing 2 billion a day, right? >> more. >> 2.5, yeah. so that would take away -- we could easily rachet it up. unless the printing presses overheat at that point. let's check on the markets this morning. the futures were indicated lower based on angst. there it is worse. it was down 40 earlier, not out 62. they were down 150 at one point. came back down to 18. we're somewhere. >> between there. let's check out some of these other boards that maybe we missed in the last hour. europe, europe is even moving on angst about the fiscal cliff or that stuff in japan. i don't know. very close. it's one or the other. let's check out asia. asia is actually up this morning. and then let's check out the oil board. oil
: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income threshold. they want to keep the estate tax from going up. there's still no agreement on what to do about those automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and mitch mcconnell had several conversations deep into the night. and will continue those conversations this morning. the conver
an agreement. from the senate floor words of optimism from minority leader mitch mcconnell. >> we are engaged in discussions, the majority leader and myself in the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: senate majority leader harry reid took a cautionary tone, perhaps to allay the fears of americans who are wondering how going off the cliff will affect their paychecks. analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic packa
24 hours would be very important as he and mitch mcconnell put together something that would pass both of their caucuses. and then of course it would have to go to the house. the majority leader harry reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment benefits. and that's of course for the long-te
reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. so it's in their hands. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad deal that's rushed through tomorrow at the last second. that's another dynamic to keep in mind. >> when you said they have a history of making deals together -- >> well, one -- >> on which issues do you think the two sides may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's
for it, if mitch mcconnell makes it happen, then republican in the house would see that there's a bipartisan deal on the table, and they would not likely turn it down. that is to say the leadership would put it on the floor. it would pass with many democratic votes, not a majority of republican votes, but a significant number of them, and john boehner would likely having been jammed by his own membership on plan b would probably not block that. at least that's the calculation and the hope by those negotiating this deal. >> john, this is one of those moments where everyone's scratching their heads and wondering why this is always so difficult. why is deal-making such a laborious process in congress. you make the point that it's been building up the last generation or so. >> it has been, and it's gotten to a point now where you have the ideological divisions overlapped with the partisan ones. you have a conservative republican party, liberal democratic party, and the patterns of opposition, a permanent warfare between the two make it very difficult to surmount those divisions. a
, mitch mcconnell have made it clear, you want $1 trillion of more debt ceiling, because that's what the president is running, $1 trillion more debts, you have to cut it at the same time. they won it a year ago. they'll win it in the future. this is a long fight. it's four years of a fight. it's not one week of a fight. to your earlier question, does the president want to take us over the cliff? i think now he does. the reason is he needs an excuse for the next four years of failure. blaming it on bush doesn't work very much. the regulations and spending he's put on the economy for the next four years is going to put us in recession regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point,"
to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible
we go over, 30% chance we don't. i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minu
Search Results 0 to 22 of about 23 (some duplicates have been removed)